The firms expect the collaboration will drive further “innovative solutions” with the agreement designed to improve “optimization of LNG deliveries” and increase overall availability of LNG in the region.
“Vessels require flexibility in order to trade profitably and need to bunker in a variety of ports. Hence ship operators need flexible, reliable and rapid deliveries of LNG. By partnering with Skangas we will develop a broader delivery scope for the operators of LNG powered vessels,” Niels den Nijs, CEO of Titan LNG, said.
To date, Skangas’ main operating area has been the Baltic and North Sea where the firm operates two LNG bunker vessels. Titan LNG meanwhile has built up capability in the Amsterdam, Rotterdam and Antwerp region (ARA) and is due to take delivery of the first LNG bunkering pontoon, FlexFueler1, in Q3 2018.
LNG adoption accelerating
The new partnership will take advantage of Titan LNG’s experience supplying industrial transport solutions as part of IVECO Schouten Group. Sister company Rolande LNG, is also a leading LNG fuelling station operator for road transportation.
“LNG is rapidly becoming the fuel of choice for vessel owners and operators. Adoption is accelerating, as it’s a cost-effective alternative. LNG is suitable for a lot of vessel types and sizes,” Michael Schaap, Commercial Director for Titan LNG, said.
Joint venture company Skangas is 70% owned by Finnish natural energy gas expert Gasum and 30% owned by Norwegian electricity group Lyse Energi. The firm is one of the largest LNG suppliers in the Nordic region and provides fuel for shipping, industrial and heavy-duty road transport needs.
“This is a step in the right directions for us. Having invested heavily in making LNG available for the market in the Nordics we can now gain from our experience and knowhow in new geographical areas. This memorandum can lead to a win-win-situation for both our marine customers and our two companies,” Kimmo Rahkamo, CEO of Skangas, said.
One-stop-shop for LNG
The new partners will now focus on developing a “one-stop-shop” for marine customers seeking to use LNG.
“For ship owners considering if they should go for LNG as their new fuel there is now even less to worry about as we can assist them with both design and increased LNG availability,’ den Nijs added.